FIS API Blog
Capesize freight rates suffered a dip as the bullish momentum flatten out with fewer fixtures being done at higher rates. The Capesize 5 time charter average dipped by RMB 67 day-on-day to $14,781 on Tuesday, as the market lost steam with concerns on the muted Atlantic basin. The Baltic Dry Index (BDI) then moved down …
Continue reading “Capesize rates take a breather from recent gains”
The Dalian Iron ore had given up its late gains overnight and closed unchanged on the day this morning. The Doji star had indicated indecision in the market and warned we could potentially see some form of market pullback in the evening session. Price has held resulting in the offshore contract moving 1 dollar higher …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Capesize freight rates continued to rise due to market optimism over Covid-19 vaccines that improve shipping and oil demand. The Capesize 5 time charter average hiked up by RMB 427 day-on-day to $14,848 on Monday, as market sentiment improved. The Baltic Dry Index (BDI) also moved up by 0.92% or 11 points to 1,207 readings, …
Continue reading “Capesize rates rise on global market optimism”
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Capesize freight rates rebounded from previous session losses, due to handful of fixtures done on firmer rates. The Capesize 5 time charter average inched up by RMB 244 day-on-day to $14,421 on Friday, as market confidence returned after a flurry of fixtures. The Baltic Dry Index (BDI) then moved up slightly by 0.17% or 2 …
Continue reading “Capesize rates bounce from the low on better fixtures”
Well the DCE iron ore futures woke up today and decided that if the rest of the world had already concluded the election result and caught a bid, it would follow. The foundation was laid yesterday with the offshore December futures leading the way and making a higher high in the market on the intraday …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Capesize freight rates dropped on thin market activities amid bearish market sentiment in shipping demand. The Capesize 5 time charter average fell by RMB 514 day-on-day to $14,177 on Thursday, as low Atlantic fixtures weighted on prompt paper market. The Baltic Dry Index (BDI) then slipped by 2.45% or 30 points to 1,194 readings, due …
Continue reading “Capesize rates fall on slow shipping activities”
The Election count is dragging on leaving uncertainty in certain financial sectors. Equities are catching a bid whilst the USD continues to come under pressure, having produced a rejection candle yesterday. For iron ore the market is finding support having traded down to RMB 772 overnight. The offshore futures are seeing a similar pattern, a …
